Category Archives: Business & Investments

Business & Investments

UAE-Born Global Fintech Qashio Raises $19.8M to Scale Regional Expansion and B2B Loyalty Ecosystem

Dubai, UAE, 28th May, 2025: Qashio, the Dubai-headquartered B2B spend management platform with operations and clients in 22 countries, including the UAE, Europe, the UK, and soon Saudi Arabia, has raised $19.8 million in its latest funding round. The capital will support further geographic expansion and scale what is already the largest B2B fintech loyalty program in the MENA region.

Despite achieving profitability with over $1.2M in Q1 2025, the additional funds will enhance regulatory compliance ahead of the company’s entry into Saudi Arabia and further extend its differentiated loyalty offering.

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Business & Investments

Forbes Middle East Concludes Its Building The Future Summit In Abu Dhabi

Forbes Middle East Concludes Its Building The Future Summit In Abu Dhabi In Partnership with the Ministry of Energy and Infrastructure and Abu Dhabi’s Department of Municipalities and Transport

Emphasizing the importance of integrating innovation, design, and technology in building smart cities.

  • H.E. Dr. Mohamed Al Kuwaiti, Head of Cyber Security for the UAE government: “We are enhancing our expertise with the great value of this society. Securing the human factor, their data and privacy, and building that cybersecurity culture.”
  • The summit explored the future of urban planning, artificial intelligence, and sustainable real estate investment.
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Business & Investments

Arthur D. Little Survey with 24 UAE Banks Highlights Omnichannel Banking Trends and Opportunities

  • 72% of UAE respondents prefer mobile apps as their primary banking channel.
  • Approximately 35% of UAE customers prefer physical branches for complex financial needs.
  • 43% of respondents regularly utilize self-service kiosks for routine banking tasks.
  • Around 70% of high-income UAE customers favor digital banking solutions but still rely on in-person advisory for complex financial decisions.
  • Mobile wallet usage is steadily increasing, particularly among younger and tech-savvy middle-income groups.

United Arab Emirates, 28 May 2025 – According to a new survey by Arthur D. Little (ADL) with 24 United Arab Emirates (UAE) banks, customers are increasingly demanding seamless, omnichannel banking experiences, with mobile banking apps and online platforms leading this digital transformation. The survey indicates that 72% of UAE respondents prefer mobile apps as their primary banking channel, highlighting convenience, intuitive design, and personalized financial management as driving factors.

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Business & Investments

Aseer Investment Forum Kicks Off in Its Second Edition

The Launch of the Aseer Investment Forum in Its Second Edition Under the Patronage of Prince Turki bin Talal bin Abdulaziz

Aseer Investment Forum Kicks Off in Its Second Edition

Abha, May 27, 2025:
Under the patronage of His Royal Highness Prince Turki bin Talal bin Abdulaziz, Governor of the Aseer Region, the second edition of the Aseer Investment Forum commenced this morning, Tuesday, at King Khalid University’s campus in Al-Fara’a, Abha, under the theme “Aseer Thrives… Invest Now.” The event features the participation of several esteemed ministers, senior officials, investors, and experts from within the Kingdom and abroad.

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Business & Investments

Binghatti and ADIB to bring Sharia-compliant Home Finance solutions to the UAE real estate market

Agreement will facilitate homeownership for UAE residents and support the growth and maturity of the UAE real estate market

Dubai, UAE, 27 May 2025 – Dubai’s leading developer, Binghatti Holding Ltd. (“Binghatti), announced today that it has signed a Memorandum of Understanding (‘MoU’) with Abu Dhabi Islamic Bank (“ADIB”), a leading financial institution in the UAE, to broaden and deepen Binghatti’s customer base by offering customers Sharia-compliant home-financing solutions including off-plan property purchases. 

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